CTY The City of London Investment Trust plc

Renowned for its record-setting annual dividend increases since 1966, the Trust targets long-term income and capital growth

ISIN
GB0001990497

Share price
310.50p
As of 24/09/2020

Estimated NAV
317.29p
As of 24/09/2020

Discount / Premium
-2.14%
As of 24/09/2020

Yield
6.12%
As of 24/09/2020

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Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance of dividend income to shareholders.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Potential investors must read the latest annual report and where relevant, the key investor information document before investing. This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS TRUST

  • Invests mainly in UK equities with a bias towards large, multinational companies
  • A conservative management style that prioritises sustainable income and long-term capital growth
  • Provides UK investors with exposure to global growth through the portfolio’s overseas revenues
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Past performance is not a guide to future performance. 
 

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ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

PORTFOLIO MANAGEMENT

Job Curtis

Job Curtis

Director, Global Equity Income | Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.
Discrete Performance (%)
As of 30/06/2020
Net Asset Value Price (ORD) (ORD)
 
Quarter End
As of 30/06/2020 		2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Net Asset Value 10.38% 3.62% 8.54% 1.69% 2.15%
Price 5.90% 3.90% 7.70% 2.80% 3.40%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 24/09/2020
Net Asset Value Price
 
As of 24/09/2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Net Asset Value -5.03% -4.38% -23.33% -17.91% -11.56% 9.44% 84.51%
Price -5.34% -7.59% -27.16% -21.56% -15.22% 4.46% 75.65%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
29-Oct-20 30-Nov-20 4.75
30-Jul-20 28-Aug-20 4.75
23-Apr-20 29-May-20 4.75
23-Jan-20 28-Feb-20 4.75
24-Oct-19 29-Nov-19 4.75
25-Jul-19 30-Aug-19 4.75
25-Apr-19 31-May-19 4.75
24-Jan-19 28-Feb-19 4.55
18-Oct-18 30-Nov-18 4.55
26-Jul-18 31-Aug-18 4.55
26-Apr-18 31-May-18 4.55
25-Jan-18 28-Feb-18 4.30

Portfolio

Top Holdings (As of 31/08/2020)
% of Fund
British American Tobacco 3.87
Unilever 3.62
Diageo 3.27
GlaxoSmithKline 3.10
RELX 2.82
Rio Tinto 2.77
Royal Dutch Shell 2.67
Reckitt Benckiser Group 2.47
Prudential 2.29
Phoenix Group 2.21
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/08/2020)
Financials 24.18
Consumer Goods 22.21
Health Care 9.03
Basic Materials 8.95
Industrials 8.85
Consumer Services 8.14
Utilities 6.20
Oil & Gas 5.51
Telecommunications 4.86
Technology 2.07
Country/Geographic Exposures % OF FUND % OF FUND (As of August 31, 2020)
United Kingdom 86.11
United States 6.15
Switzerland 2.89
Germany 2.56
France 2.02
Hong Kong 0.27

Documents

Document View
The City of London Investment Trust plc - Annual Report 2020
The City of London Investment Trust plc - Annual Report 2019
The City of London Investment Trust plc - Annual Report 2018
The City of London Investment Trust plc - Annual Report 2017
The City of London Investment Trust plc - Annual Report 2016
The City of London Investment Trust plc - Annual Report 2015
The City of London Investment Trust plc - Annual Report 2014
The City of London Investment Trust plc - Annual Report 2013
The City of London Investment Trust plc - Annual Report 2011
The City of London Investment Trust plc - Circular 2020
The City of London Investment Trust plc - Factsheet
The City of London Investment Trust plc - Portfolio Disclosure
The City of London Investment Trust plc - Half Year Report 2019
The City of London Investment Trust plc - Half Year Report 2018
The City of London Investment Trust plc - Half Year Report 2017
The City of London Investment Trust plc - Half Year Report 2016
The City of London Investment Trust plc - Half Year Report 2015
The City of London Investment Trust plc - Half Year Report 2014
The City of London Investment Trust plc - Half Year Report 2013
The City of London Investment Trust plc - Half Year Report 2012
The City of London Investment Trust plc - Half Year Report 2011
The City of London Investment Trust plc - Half Year Report 2010
The City of London Investment Trust plc - Half Year Update
How to Invest
The City of London Investment Trust plc - Notice of Meeting 2019
The City of London Investment Trust plc - Key Information Document
The City of London Investment Trust plc - AIFMD Disclosure
The City of London Investment Trust plc - Proxy Votes 2019
The City of London Investment Trust plc - Proxy Votes 2018
The City of London Investment Trust plc - Chairman's Statement
The City of London Investment Trust plc - Terms of Reference of the Audit Committee
The City of London Investment Trust plc - General Meeting 2020 Poll Results
The City of London Investment Trust plc - Role of the Chairman
The City of London Investment Trust plc - Role of the Senior Independent Director
The City of London Investment Trust plc - Schedule of Matters Reserved for the Board
The City of London Investment Trust plc - Terms of Reference of the Nominations Committee

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Job Curtis, Fund Manager for The City of London Investment Trust, delivers his monthly commentary on how the Trust performed in August, portfolio activity and his thoughts on wider economic and political developments.

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Fund manager July commentary – The City of London Investment Trust
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Fund manager July commentary – The City of London Investment Trust

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  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
  • Where the trust invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The return on your investment is directly related to the prevailing market price of the trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
  • The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.
  • All or part of the trust's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 25p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
  • The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
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